Recent Price Movement and Market Context
The stock has been on a downward trajectory for the past three consecutive days, accumulating a loss of 8.19% during this period. This short-term weakness is further underscored by the stock’s underperformance relative to its sector, lagging by 1.36% on the day. Intraday, the share price touched a low of Rs 602, marking the lowest point in recent trading sessions.
Adding to the bearish signals, Swelect Energy is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning often indicates sustained selling pressure and a lack of immediate buying interest from investors.
Longer-Term Performance Comparison
When analysin...
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